More Government Interference in the Housing Market?

@https://twitter.com/candicelanier

Candice writes for several publications, including The Christian Post, Red State, The Black Sphere and Patriot Update. She is the Science & Tech Editor at the Minority Report Blog and the founder and Editor-in-Chief at Front Lines. She's also the founder of Candice Lanier's Tech News and works as a computer consultant. Additionally, Candice is an antiques dealer.

WASHINGTON (Reuters) – The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages.

The administration has been working for weeks on how to implement a mortgage relief program. President Barack Obama could include a nod to the plan in a speech on job creation next week, sources familiar with the administration’s plans said.

The refinancing initiative would allow certain borrowers to refinance loans that are backed by government-owned Fannie Mae and Freddie Mac or the Federal Housing Administration, the sources said.

A broad-based effort to automatically refinance millions of mortgages is not in the works, yet the administration is looking to take targeted changes to an existing program that would allow more borrowers to take advantage of low mortgage rates, including allowing borrowers to refinance even if they owe a significant amount above their property’s current value.                 More

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

More in

M_Id_460172_Spectrum_auction

How Congress Should Function: Spectrum Auction is Bipartisanship in Action

Steve FoleyJan 30, 2015
15-0130 DREAMERs

Here’s a DREAMER for you

Michael BeckerJan 30, 2015
Idiot-21

Ted Cruz: Has President Obama Launched a Political Campaign Against Netanyahu? Requests Investigation

Steve FoleyJan 30, 2015
Screen Shot 2015-01-30 at 6.23.45 AM

Pat Caddell Video: I Have Never Seen a President Occupying Himself in His Own Fantasy World

Steve FoleyJan 30, 2015
Screen Shot 2015-01-30 at 6.18.21 AM

Liz Cheney: To Empty Gitmo, Obama ‘Peddling’ False Notion that War on Terror is Over

Steve FoleyJan 30, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

Archives

Copyright © 2014 The Minority Report Network